• Latest
  • Trending
Ghana's economy is bleeding - Ato Forson laments

Minority raises red flags over GH¢5bn tax exemptions for 45 firms

November 27, 2023
Electoral Commission Mourns Defence Minister and IPAC Member Dr. Omane Boamah

Electoral Commission mourns Defence Minister and IPAC member Dr. Omane Boamah

August 8, 2025
“I Have Lost My Most Trusted Friend” — Ablakwa’s Emotional Tribute to Late Dr. Omane Boamah

“I have lost my most trusted friend” — Ablakwa’s emotional tribute to late Dr. Omane Boamah

August 8, 2025
GES suspends Nkwanta SHS headmaster over unapproved public appeal for student feeding support

GES suspends Nkwanta SHS headmaster over unapproved public appeal for student feeding support

August 8, 2025
Sierra Leone’s President Maada Bio visits Ghana to console President Mahama and the nation

Sierra Leone’s President Maada Bio visits Ghana to console President Mahama and the nation

August 8, 2025
Trinidad and Tobago removes Christopher Columbus statue as part of historical reassessment

Trinidad and Tobago removes Christopher Columbus statue as part of historical reassessment

August 8, 2025
Z-9 Military Helicopter Crash: Dr. Bawumia Describes Incident as a Painful National Loss

Z-9 Military Helicopter Crash: Dr. Bawumia describes incident as a painful national loss

August 8, 2025
VIDEO: Watch, Thomas Partey completes first training session with Villarreal

VIDEO: Watch, Thomas Partey completes first training session with Villarreal

August 8, 2025
CAF’s Best African Clubs’ Rankings for 2025 released ; 2 Ghanaian clubs make the cut

CAF’s Best African Clubs’ Rankings for 2025 released ; 2 Ghanaian clubs make the cut

August 8, 2025
Ministry of Finance Invites Public Contributions for 2026–2029 Budget

Ministry of Finance invites public contributions for 2026–2029 budget

August 8, 2025
Israel’s security cabinet approves plan to take over Gaza City

Israel’s security cabinet approves plan to take over Gaza City

August 8, 2025
Adansihene cautions against politicizing military helicopter tragedy

Adansihene cautions against politicizing military helicopter tragedy

August 8, 2025
Military helicopter tragedy: Dzifa Gomashie condemns sharing of graphic accident images

Military helicopter tragedy: Dzifa Gomashie condemns sharing of graphic accident images

August 8, 2025
Happy Ghana
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home News

Minority raises red flags over GH¢5bn tax exemptions for 45 firms

in News, Top Story
Ghana's economy is bleeding - Ato Forson laments

Ghana's economy is bleeding - Ato Forson laments

Share on FacebookShare on TwitterShare on Whatsapp

The Minority Caucus in Parliament says the government’s “requests for tax exemptions running into several billions of Cedis are unconscionable, inordinate, and bear all the trappings of organized crime.”

According to the Minority, about 45 companies have been presented to Parliament as one district-one-factory companies, GIPC strategic investors, among others, to be exempted from the payment of taxes.

In a statement issued on Monday, November 27, 2023, the Minority said the government was asking Parliament to grant tax exemptions to the tune of USD 449,446,247.95 for these 45 companies, which is equivalent to over half of GH¢5.5 billion.

The Minority stressed that this was an issue that significantly impacted the country’s economy and felt obligated to let “the Ghanaian taxpayer who is being burdened with all manner of taxes know this truth.”

It further disclosed that a total of 118 companies were being processed at the Ministry of Trade & Industry, Ministry of Finance, and the Ghana Investment Promotion Centre to be brought to Parliament for tax exemptions.

“The total value of exemptions for these 118 companies is about seven billion Ghana cedis,” it added.

The 45 companies indicated by the minority are listed below;


Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

High Court quashes OSP report implicating Col Damoah in La Bianca case

Next Post

Al Ahly, Mamelodi Sundowns set sights on Medeama SC striker Jonathan Sowah

Next Post
Al Ahly, Mamelodi Sundowns set sights on Medeama SC striker Jonathan Sowah

Al Ahly, Mamelodi Sundowns set sights on Medeama SC striker Jonathan Sowah

Search

No Result
View All Result

Listen Live

Happy Kaseɛbɔ 600AM news bulletin
Happy Kaseɛbɔ 600AM news bulletin

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Electoral Commission mourns Defence Minister and IPAC member Dr. Omane Boamah
  • “I have lost my most trusted friend” — Ablakwa’s emotional tribute to late Dr. Omane Boamah
  • GES suspends Nkwanta SHS headmaster over unapproved public appeal for student feeding support
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.